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Tractors Take Paris: French Farmers Escalate Fight Against Mercosur Deal

Tractors line up in front of the National Assembly as French farmers protest against the government's handling of the EU-Mercosur free trade agreement. French farmers brought a new wave of tractor protests to Paris, intensifying their campaign against the EU–Mercosur trade agreement. The convoy, made up of hundreds of tractors, rolled through major avenues and gathered near key government buildings, creating significant traffic disruption but maintaining a peaceful tone. Farmers argue that the proposed deal between the European Union and South American nations would expose them to unfair competition from cheaper imports produced under looser environmental and animal‑welfare standards. Many say the agreement threatens the future of French agriculture, already strained by rising costs and tightening regulations. Unions behind the protest insist that the French government must take a firmer stance to block the deal at the EU level. With negotiations nearing a potential conclusion, ...
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Canada’s Capital-Gains Tax Hike Faces Crucial Vote

 

In a pivotal moment for Canadian finance, Prime Minister Justin Trudeau’s government is set to call a vote on a contentious tax change. The proposed hike in the capital-gains tax inclusion rate has sparked debate across the nation, with significant implications for both individuals and businesses.

  • Tax Change Proposal: The government plans to increase the capital-gains tax on gains over C$250,000, affecting a small percentage of Canadians.
  • Potential Impact: Business groups have criticized the move, fearing it could deter investment and exacerbate productivity issues.
  • Political Strategy: The Liberals have separated this tax change from the budget bill, possibly aiming to challenge the Conservatives politically.
  • Revenue Expectations: The tax hike is estimated to generate almost C$20 billion over five years, funding new programs in housing and national defense.

The vote, scheduled for Monday, will be a defining moment for Trudeau’s fiscal policy and could set the stage for Canada’s economic direction in the coming years.

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